Daily Chemical Reaction
Attitude Adjustment – Producer Strategic Shifts In Motion; LyondellBasell CEO Selection Discussed
Key Points:
- LyondellBasell equity has underperformed the S&P 500 Chemical Index despite a period of significant profitability in 2021. We discuss its recently announced CEO appointment and challenges to raise its equity value.
- We flag pertinent chemical sector corporate updates (e.g., LyondellBasell, Westlake, ExxonMobil, Chandra Asri, Trinseo, TotalEnergies, & others).
- We note relevant ESG items worth notice, ranging from EU CO2 price trends to increased costs likely to impede solar project growth in 2022.
- We discuss numerous other pertinent chemical sector items in this report.
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